Soymeal easier on dollar, US/China trade dispute

ROTTERDAM: Asking prices for soymeal on the European meals and feeds market eased on Wednesday, tracking last night's CBOT soymeal futures close on the back of concerns over the ongoing trade dispute between the United States and the world's top soy buyer China.

South American soymeal was mostly offered between unchanged and $4 a tonne lower, also pressured by a slightly firmer dollar which weighs on products quoted in the currency.

CBOT markets are closed on Wednesday for the US Independence Day holiday.

The stronger dollar and worries about dry weather in several rapeseed growing areas underpinned EU rapemeal. Asking prices were between unchanged and two euros per tonne up from Tuesday.